Some 3.2 million working couples are 'double income, no option' (DINO) households, according to research by LV=. This means they are reliant on two incomes to make ends meet, and would struggle to cope if they lost one.
The research also found a quarter (23%) of DINOs feel their household's financial situation has grown worse over the past two years, with a quarter (27%) saying their double wage is not stretching as far as it did this time last year. While some households would simply need to make lifestyle changes if they had to rely on a single income, such as not going on holiday (52%) or shopping around for deals (47%), others expected they would have to major sacrifices. Three in 10 (31%) said they would apply for government benefits, nearly one in five (17%) would have to downsize their home, a...
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